The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-04-07
CONDITION OF THE MARKETS
Increased Animation in Wheat, Caused
by an Influx of Buying Orders.
Corn Fairly Active and Firmer, Prices Ad-
yanciEg Slightly-0ats Firm and Higher
Provisions Practically Unchanged.
MONEY, BONDS AND STOCKS.

Decrease in Activity, accompanied py
Somewhat Feverish Feeling.
NEW YORK, April 6-Money on call was
easy at 81 a per cent. closing offered at 5.
Prime mercantile paper. sac per cent
Sterling exchange was quiet but steady at
b. IS for sixty-day bills and 81 SGT for demand.
The total sales of stocks to-day were 45s. 005
shares including the following: Canada South
lrn 3340; Delaware. Lackawanna e. Western,
47l45: Delaware e. Hudson 402; Erie. s. go;
Kansas & Texas. 1855; Lake Shore, $3.50;
Louisville & Nashville, $780, Missouri Pacific,
$780, New Jersey Central 1907; Northern Pa
cifc preferred, 1921; Oregon Transcontinental,
7,085; Pacific Mail, Gill; Reading. lis, l50; ST.
Paul. 1856; Texas Pacific. oslo; Union Pacific,
47,400 Western Union, IA, 260
The stock market to-day was somewhat less
active, but was feverish and somewhat irreeu-
lar. and displayed more decided weakness. The
realizing sales assumed larger proportions the
supply Of stocks coming from all sources. The
widening tendency of the speculation, however.
snabled the market to absorb the offerings, and
after confining declines within fractional limits
a moderate rally followed. Coal stocks, with
Union Pacific and Fort Worth & Denver, alb
Borbed most OF the interest the grangers and
trunk-line shares being comparatively neg
lected. The movement in the coalers which has
for it's basis the expectation OF increased tolls for
the year TO come, together with the
more smicable relations between the differ
ent roads, not sufficient to maintain the
high prices of yesterday under the pressure of
''long' stocks for sale. Union Pacific advanced
sharply in the forenoon, for which the presence
of President Adams was Cor the most part re-
sponsible, the inference being that he was here
to conclude the lease of Oregon Navigation.
The improvement lost later in the day,
upon sales for Boston account. Among the
epecialties which showed particular strength
and activity were the Sar Francisco and Attain
tic 81 Pacific securities, the buying being chiefly
upon the favorable showing of earnings
Evansville & Terre Haute also advanced sharp
1y. The opening was somewhat irregular, but
generally firm at small fractions above last even
ipgs final figures. The market extremely
active in the forenoon, hut was heavy through
out Fort Worth g. Denver being decidedly
weak Union Pacific was very strong although
of the first hour. The decline was
checked before noon, and a marked decrease
IN the business was noticeable thereafter. The
tone underwent a change at the same time, and
before p. II, Jersey Central being conspicuous.
with gain of per cent. The realizing, how
ever renewed in the last hour, and the NJ ar
ket closed heavy, at or near the lowest prices OF
the day. Sales. ass, 005 shares.
Railroad bonds were more active, but the in
creased business done was entirely in Atlantic 81
Pacific incomes, which furnished considerably
over one thu I'd of the total days business. their
sales aggregating ST. 264 900, out of total days
business of So 90, 900. The only other active is
sue was the Fort Worth s. Denver irsts, with
sales Of $3.50 000 The frstnamed bonds. with
the San Francisco general mortgages, were
prominent for strength. while the general list
was barely firm. Closing prices generally show
advances.
Government and State bonds were dull and
81